The Micro-credit Regulatory Authority has been established by the Bangladesh Govt. under the "Micro-credit Regulatory Authority Act 2006” to promote sustainable development of micro-finance sector. It is the central body to monitor and supervise micro-finance operations of NGO and other micro credit organizations. License from the Authority is mandatory to operate micro-finance operations in Bangladesh as an NGO. Micro-credit institutions have been providing various social and financial services to the poor to poverty reduction within the society.